Woongjin Cash Flow Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	120,761	3,071	-10,549	8,218	22,993
Depreciation & Amortization	79,771	73,744	84,242	78,965	60,781
Loss (Gain) From Sale of Assets	443.87	363.64	240.72	225.96	-15,191
Asset Writedown & Restructuring Costs	14,034	21,393	35,894	15,008	5,923
Loss (Gain) From Sale of Investments	-10,079	990.27	1,228	610.84	-709.24
Loss (Gain) on Equity Investments	-59,331	1,787	2,618	-	220.37
Stock-Based Compensation	1,762	695.46	233.1	58.56	504.89
Provision & Write-off of Bad Debts	3,180	2,455	2,819	6,321	2,844
Other Operating Activities	12,962	108,257	88,441	106,488	136,083
Change in Accounts Receivable	8,106	-18,153	-1,183	-3,065	11,710
Change in Inventory	6,161	3,741	-4,388	-12,740	-13,921
Change in Accounts Payable	565.77	-428.6	2,625	-6,144	223.65
Change in Unearned Revenue	-	-	230.01	-1,924	-93.08
Change in Income Taxes	-10.93	-12.15	-	-	-
Change in Other Net Operating Assets	83,291	-108,007	-109,348	-79,637	-101,747
Operating Cash Flow	261,617	89,897	93,102	112,389	109,543
Operating Cash Flow Growth	191.02%	-3.44%	-17.16%	2.60%	54.52%
Capital Expenditures	-12,413	-5,732	-16,595	-40,108	-4,411
Sale of Property, Plant & Equipment	387.32	64.13	111.92	925.54	40,121
Cash Acquisitions	-874,703	95.15	-	-	-59,252
Sale (Purchase) of Intangibles	-11,978	-20,522	-30,410	-42,444	-33,335
Investment in Securities	-189,923	915.16	29,226	-1,010	-594.27
Other Investing Activities	67,493	2,727	2,739	-124.83	-179.4
Investing Cash Flow	-1,021,138	-22,453	-15,353	-75,512	-64,020
Short-Term Debt Issued	413,123	180,700	139,895	114,645	93,464
Long-Term Debt Issued	708,156	19,955	5,700	24,761	200,035
Total Debt Issued	1,121,279	200,655	145,595	139,406	293,499
Short-Term Debt Repaid	-177,352	-205,536	-124,065	-136,161	-118,464
Long-Term Debt Repaid	-70,081	-41,885	-42,735	-40,676	-236,629
Total Debt Repaid	-247,433	-247,421	-166,800	-176,837	-355,093
Net Debt Issued (Repaid)	873,845	-46,766	-21,205	-37,431	-61,594
Issuance of Common Stock	-	-	-	-	1,407
Repurchase of Common Stock	-10,009	-	-2,841	-175.93	-5,383
Dividends Paid	-4,087	-	-3,135	-5,823	-5,083
Other Financing Activities	-43,007	-19,811	-41,430	-11,321	-18,762
Financing Cash Flow	816,743	-66,577	-68,612	-54,751	-89,414
Foreign Exchange Rate Adjustments	-29	232.85	122.54	211.69	90.8
Miscellaneous Cash Flow Adjustments	-	-	-	-	-305.36
Net Cash Flow	57,193	1,100	9,259	-17,663	-44,106
Free Cash Flow	249,204	84,165	76,507	72,280	105,131
Free Cash Flow Growth	196.09%	10.01%	5.85%	-31.25%	55.33%
Free Cash Flow Margin	21.66%	8.35%	7.51%	6.88%	10.73%
Free Cash Flow Per Share	3206.85	1096.26	977.30	906.81	1323.17
Cash Interest Paid	42,277	19,320	13,523	8,402	13,480
Cash Income Tax Paid	19,013	-4,722	2,147	3,264	-19,329
Levered Free Cash Flow	272,021	53,606	39,229	25,405	77,689
Unlevered Free Cash Flow	308,138	68,819	54,179	38,599	92,070
Change in Working Capital	98,114	-122,860	-112,065	-103,510	-103,827

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.